Search for the definition you are looking for.
Market Abuse Directive (MAD), MAD II and Market Abuse Regulation (MAR)
An EU directive that came into force in 2003/2004, which outlawed certain types of trading based on inside information and outlawed certain types of abuse in the financial markets. The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is partially modelled on MAD. MAD II, due to come into force in 2014/2015, updates MAD, unifying its implementation across Europe and widening its scope to include new instruments. MAD II changes the obligation to report and widens the scope of the market abuse provisions as well as the inside information provisions. It also requires criminal sanctions for certain types of breach. It is implemented both as a ‘directive’ (MAD II) and a ‘regulation’ (MAR).